China’s first homegrown cruise ship sails from Shanghai

Stay informed with free updates Simply sign up to the Travel & leisure industry myFT Digest — delivered directly to your inbox. China’s first domestically built large cruise ship has started its commercial maiden voyage, a moment hailed by authorities keen to chip away at the dominance of European shipbuilders in the cruise sector. The 135,500-tonne Adora Magic City, commissioned by a joint venture between the China State Shipbuilding Corp and US-based Carnival Corp, set sail on Monday from Shanghai for South Korea and Japan before returning seven days later.…

China’s first homegrown cruise ship to sail from Shanghai

Stay informed with free updates Simply sign up to the Travel & leisure industry myFT Digest — delivered directly to your inbox. China’s first domestically built large cruise ship is to embark on its commercial maiden voyage, a moment hailed by authorities keen to chip away at the dominance of European shipbuilders in the cruise sector. The 135,500-tonne Adora Magic City, commissioned by a joint venture between the China State Shipbuilding Corp and US-based Carnival Corp, will set sail on Monday from Shanghai for South Korea and Japan before returning…

China, US leaders Xi and Biden exchange greetings on 45th anniversary of ties

In November, Xi and Biden met in San Francisco ahead of the Apec leaders’ summit and agreed to restore a wide range of communication channels that were heavily curtailed after then-US House speaker Nancy Pelosi’s visit to Taiwan in August 2022. Dialogue on climate, the fight against illegal drugs, and military communication channels were all affected in the wake of the Pelosi visit to Taiwan, which Beijing regards as part of its territory. Like most countries, the US does not recognise the self-ruled island as an independent state, but opposes…

Merck bid for Japanese chip materials maker triggers state-backed fund deal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A takeover bid from Germany’s Merck prompted JSR, a Japanese chip materials maker, to seek a buyout from a state-backed fund, in a deal that has sparked investor scrutiny on rising government intervention in the country’s semiconductor industry. Four people with direct knowledge of the talks said it was Merck’s bid for JSR, which was not disclosed to shareholders, that led to the $6.4bn tender offer in June from the…

Kinetic energy weapon can break an American tank apart with a single shot: Chinese study

The kinetic energy carried by such a projectile would be around 25 megajoules. This value may seem large, but when converted into electrical energy it is less than 7 kilowatt-hours, scarcely more than the energy it takes to cook two turkeys for Christmas. It may seem unlikely that such a small amount of energy could disable an advanced tank weighing around 40-60 tonnes and protected by thick layers of armour, especially one built under stringent US military standards. But the research team, led by Huang Jie of the China Aerodynamics…

Mini series have sparked a new gold rush in China’s short video scene but tacky plot lines risk regulator ire

The mini TV series is part of a gold rush for online video producers in China, where a new trend of binge watching very short shows from mobile devices has emerged. However, the sector has been subject to increased regulatory scrutiny, with the National Radio and Television Administration (NRTA) in November launching action to review the production, marketing and social values involved in such content. Tencent’s Legend of Magic Jade uses interactive play as short-video booms Despite these risks, local production companies have been rushing to churn out these mini…

Despite a bleak Chinese job outlook, positions for overseas workers are rising as businesses tap new markets

The other offer is for a role in Europe promoting new energy storage for a private firm. Liu, who majored in Russian and international trade, has already spent several years on business trips across the world to promote Chinese-made medical devices. In China, the current outlook for the job market is quite gloomy; many firms are downsizing their domestic workforce amid the economic slowdown, while a record high of 11.7 million new graduates are expected in 2024. But despite this, overseas vacancies for Chinese workers are rising. 11:11 The reasons…

Asian American Officials Cite Unfair Scrutiny and Lost Jobs in China Spy Tensions

When Thomas Wong set foot in the United States Embassy in Beijing this summer for a new diplomatic posting, it was vindication after years of battling the State Department over a perceived intelligence threat — himself. Diplomatic Security officers had informed him when he joined the foreign service more than a decade ago that they were banning him from working in China. In a letter, he said, they wrongly cited the vague potential for undue “foreign preference” and suggested he could be vulnerable to “foreign influence.” Mr. Wong had become…

Communist Party diplomat Liu Jianchao steps up role in China’s foreign policy drive

It is a significant step up for the ministerial-level agency, which usually concentrates on intraparty relations and fellow socialist countries such as North Korea and Vietnam, leaving state-to-state diplomacy to the foreign affairs ministry. But with China locked in an acrimonious cold war-style confrontation with the US and its Western allies, Liu’s department has taken on a greater role in helping to foster a more benign international environment for the country. Liu Jianchao. Photo: AP Observers described Liu, 59, as a trusted aide to Xi. They generally spoke positively of…

North Korea Plans Spy Satellites Launches, Nuclear Material Production in 2024

Seoul, South Korea —  North Korean leader Kim Jong Un vowed to launch three additional military spy satellites, produce more nuclear materials and introduce attack drones in 2024, as he called for “overwhelming” war readiness to cope with U.S.-led confrontational moves, state media reported Sunday. Kim’s comments, made during a key ruling Workers’ Party meeting to set state goals for next year, suggest he’ll intensify a run of weapons tests ahead of the U.S. presidential elections in November. Observers say Kim believes a boosted nuclear capability would give him another…